OLA Electric Share: Shares of the electric two-wheeler company, Ola Electric, have witnessed a surge after a long hiatus. On Wednesday, the stock jumped nearly 14 per cent to reach the Rs 26 mark — its largest single-day gain in the last seven months. The company’s strong performance in March is considered to be a major driving force behind this rally. Having remained under pressure for the past few months, the stock has now begun to show signs of recovery, suggesting that investor confidence is making a comeback.
According to the company, Ola Electric’s registrations in March 2026 surged by 150 per cent year-on-year, reaching 10,117 units. In February, this figure stood at just 3,973 units, clearly indicating a significant surge in demand within a single month.
Moreover, in the last week of March, the company’s daily orders crossed the 1,000-unit mark, signalling a surge in demand. This indicates that customer confidence is gradually returning.
The company’s market share stood at approximately 5.4 per cent, indicating that competition remains quite strong and that the company must consistently improve its performance to move forward.
Improvements in Service Emerge as a Major Turning Point
Improvements in its service network are being cited as the primary reason behind Ola Electric’s recent recovery. The company has claimed that service for over 80 per cent of its vehicles is now being completed on the very same day.
This improvement has been made possible due to better parts availability, faster diagnostics, and operational control. Previously, the company faced issues related to service and quality, which had an impact on its image.
Stock still trading below its
Although the recent rally has brought relief to investors, it remains true that the stock is still trading significantly below its 52-week high. Between October 2025 and March 2026, the stock witnessed a decline of approximately 60 per cent. At current levels, it stands about 83 per cent below its all-time high of Rs 157.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
